Core Weave(CRWV): Future Prospects and Stock Price Outlook

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Introduction.

Coreweave (CRWV) is a fast-growing, high-profile AI-specific cloud GPU infrastructure provider.

The company has attracted significant attention for its unique position based on its strategic partnership with NVIDIA, especially as demand for high-performance GPUs expands explosively with the spread of generative AI. The company will list on NASDAQ in March 2025 and is trading at around $120, about three times its IPO price of $40, indicating its popularity and high expectations.

The company's pioneering position in the extremely niche but high-growth area of dedicated cloud infrastructure for AI companies has made it a hot topic. In particular, sales from Microsoft account for 62% of total sales, and the company has built a stable customer base.

This article takes an in-depth look at Core Weave (CRWV), including its business description, business model, growth potential in the markets it serves, competitive advantages, stock price trends, and even its future prospects. 

If you are interested in AI-related stocks or next-generation cloud infrastructure, please read to the end.

What is Core Weave (CRWV) and what kind of business does it do?

Coreweave (CRWV) is an American cloud infrastructure provider with a focus on providing cloud computing services, especially for GPUs.

The company's predecessor was a cryptocurrency mining company called Atlantic Crypto, founded in 2017, which initially operated GPUs for Ethereum mining. However, the company pivoted its business in 2019, converting its GPUs to general-purpose cloud computing applications and renamed itself as Coreweave in 2021.

The company's corporate mission is to provide the highest-performance GPU resources on demand to AI and machine learning companies, especially in the areas of generative AI, large-scale language models (LLMs), and deep learning, building industry-leading infrastructure.

Its primary customers are AI companies, machine learning research institutions, leading technology companies, and media and entertainment companies. Notably, Coreweave is currently one of the largest private GPU providers in North America, operating approximately 45,000 GPUs.

In particular, the company is one of the few to offer NVIDIA H100 Tensor Core GPUs in the cloud and has also secured early access to the latest Blackwell GPU architecture. This has allowed advanced AI companies such as OpenAI, Stability AI, and Midjourney to leverage the company's infrastructure.

In addition, Coreweave has been certified as a Preferred Cloud Services Provider (CSP) with NVIDIA, securing a preferred position in GPU procurement. This is evidence of a strategic partnership that goes beyond a mere customer company.

Core Weave (CRWV) company information is below.

• Company Name:: CoreWeave, Inc.
• Year Established: 2017 (as Atlantic Crypto) / Converted to cloud business in 2019.
• Head Office LocationLivingston, NJ
• representative: Michael Intrator, Co-Founder and CEO
• Official Site:https://www.coreweave.com
• Main BusinessesGPU-specific cloud computing, infrastructure provision for AI and ML, and high-performance computing services

What are Core Weave's (CRWV) main services?

Coreweave's (CRWV) core services are as follows. The company offers specialized services optimized for AI and machine learning, particularly in the GPU area of cloud computing.

GPU Cloud Infrastructure

Optimization infrastructure for AI and machine learning

Coreweave specializes in AI and machine learning workloadsGPU Cloud InfrastructureThe company provides the following services

• Latest GPU offerings including NVIDIA H100, A100, RTX Ada, etc.
• 10x faster network connections (up to 400 Gbps)
• Bare metal server and Kubernetes integration environment
• Cluster configuration optimized for large-scale AI model training

CoreWeave Cloud Platform

Comprehensive cloud management platform

Coreweave is a cloud service provider that provides aVery Large-Scale AI Computation NeedsThe company provides an integrated platform that supports

• Real-time inference service for AI Inference
• Distributed Machine Learning Training Environment
• Custom AI workflow management tools
• GPU resource management with auto-scaling

Specialized Services

Industry-specific GPU solutions

Not just GPU rentals, but industry-optimizedProviding specialized solutionsis also an important differentiating factor for core weave.

• Rendering Services for VFX and Media
• Compliance Environments for Financial and Healthcare
• Real-time inference infrastructure for the gaming industry
• HPC Cluster for Scientific Computing and Simulation

These core services go beyond mere infrastructure provision,Committed to the success of clients' specific AI and machine learning projectsThe unique feature of this product is that it is designed as a comprehensive solution to

What is the business model of Core Weave (CRWV)?

The Core Weave (CRWV) business model is primarilyCombination of pay-as-you-go GPU-specific cloud services offerings, long-term contracts with major companies, and value-added servicesThe three pillars of the company's business are Each business has a different customer base and pricing structure, diversifying the company's revenue base.

Revenue from on-demand GPU services

Coreweave is for AI and machine learning companies.Provides high-performance GPU resources on an hourly basisThe company has been making a large amount of money from this source, and has secured major revenues from this source.

• Main customers are AI development companies, startups, and research institutions
• Flexible pay-as-you-go billing ranging from a few dollars to tens of dollars per hour
• Pricing based on GPU type (H100, A100, etc.) and time of use
• Predictable revenue structure with scalable resource offerings

Long-term contract revenue for major companies

The core weave is,Large multi-year contracts with major companies such as Microsoft, Meta, IBM, etc.The company has established a stable revenue base by concluding

• Multi-year contract with Microsoft (accounting for 621 TP3T of sales)
• Strategic partnerships with Meta, IBM, Cohere, etc.
• Contract pipeline totaling over $7 billion (through 2026)
• Large contracts with guaranteed minimum usage to ensure predictability of revenues

Value-added service business

The company goes beyond simple GPU rentals,Comprehensive services to support your entire AI and machine learning projectwhich is also an important source of revenue.

• AI Workflow Optimization Consulting
• Custom infrastructure design and construction services
• 24/7/365 professional technical support
• Data Migration and Integration Services

Coreweave's business model is a traditional cloud service (on-demand use)and combining long-term contracts for enterpriseThe structure of the company is designed to provide both growth and stability. In addition, due to our strategic relationship with NVIDIACompetitive pricing by leveraging our superiority in GPU procurementis also an important element of the company's business model.

What is the trading market?

Core Weave (CRWV) is listed on NASDAQ under the ticker symbol "CRWV".

What are the sectors, industries, and themes to which Core Weave (CRWV) belongs?

Core Weave (CRWV) is categorized into the following sectors, industries, and investment themes based on its business and market positioning.

Sector: Information Technology

Coreweave is a provider of cloud computing services,Belongs to the information technology sector in the broadest sense of the wordThe company has a very specialized position in the IaaS (Infrastructure as a Service) field. It occupies an extremely specialized position, GPU-specific, especially in the IaaS (Infrastructure as a Service) field.

• Core IT service provider supporting AI and machine learning infrastructure
• Leading the transition from traditional CPU-centric clouds to next-generation GPU-centric computing

Industry: Cloud infrastructure and high-performance computing services

CRWV belongs to the highly specialized "GPU-specific cloud infrastructure" industry segment of the information technology sector.

• Pioneering GPU as a Service (GPUaaS) provider
• Design and operation of optimized infrastructure for AI and machine learning workloads
• Provides large-scale GPU compute resources for enterprise

Themes belonging to: Generation AI Revolution / Cloud First / Next Generation Computing

Coreweave's attractiveness as an investment target lies in its affinity for multiple growth themes.

• Generative AI Revolution: Demand for GPUs expands dramatically due to the explosion in demand for generative AI after ChatGPT; Coreweave is a key infrastructure partner for major AI companies.
• Cloud FirstThe demand for specialized cloud services is rapidly increasing, especially in the areas of AI and machine learning.
• Next Generation ComputingThe company is at the center of a technological trend away from traditional CPU-centric computation to GPU-centric computation, which offers superior parallel processing.

Thus, core weaves overlap with multiple long-term growth trends, making them an increasingly attractive investment target. In particular.Intersection of two huge trends: the generative AI revolution and cloud firstIt is characterized by the fact that it is located at

Dividends?

Core Weave (CRWV) is not currently paying a dividend. The reason for this is clear: the company's top priority is its rapid growth strategy, and the majority of its earnings are reinvested in business expansion.

In particular, the company continues to make large capital investments and business development expenditures, including GPU infrastructure expansion to meet rapidly growing AI demand, construction of new data centers, and deepening its strategic partnership with NVIDIA.

Who are the competitors of Core Weave (CRWV)?

The GPU-specific cloud market, to which Coreweave (CRWV) belongs, requires a high level of technical expertise and a huge initial investment,The number of competitors is limited.The market is still in a state of flux. However, there is a certain amount of competition in each of these areas: cloud computing, GPU provision, and infrastructure for AI.

Major Competitors

• Amazon Web Services (AMZN)The world's largest cloud provider, offering GPU instances (P4, G4, etc.), but positioned as part of a general-purpose cloud service. Unlike Coreweave, it does not specialize in GPUs.
• Microsoft Azure (MSFT): a cloud giant known for its partnership with OpenAI, a complex relationship that offers Azure GPU VMs but is actually a Coreweave customer.
• Google Cloud (GOOGL)Tensor Processing Units (TPUs) are independently developed to provide options other than GPUs, and the company is strong in AI-specific services, but not GPU-specific.
• Lambada Lab (not open to the public)GPU: Direct competitor as a GPU-specific cloud provider. Specializes in R&D, smaller than Coreweave but with a similar business model.
• Lampod (not disclosed): Provides container-based GPU cloud services. Primarily focused on inference applications, with competitive pricing starting at $1.19 per hour.
• Tensa Dock (undisclosed)GPU: GPU marketplace cloud provider. Features low-cost services utilizing consumer GPUs (3090, 4090, etc.).

The core weave is,Specialized provider fully dedicated to AI and machine learning, while major cloud providers offer GPUs for general purposeThe company differentiates itself as a In particular, its strategic relationship with NVIDIA and its infrastructure optimized for large-scale AI model training differentiate it from the competition.

What is the difference between Coreweave (CRWV) and other AI infrastructure companies?

The GPU-specific cloud market, of which Coreweave (CRWV) is a part, requires a high level of technical expertise and a huge initial investment, although competitors are limited,Each has its own areas of specialization and differentiation strategy.The competition is fierce, especially in the areas of cloud computing, GPU provisioning, and infrastructure for AI. Competition is fierce, especially in the areas of cloud computing, GPU provision, and infrastructure for AI.

Differences in position with major cloud providers (specialized vs. general-purpose)

Differentiation from AWS, Azure, and GCP

• Amazon Web Services (AWS)The world's largest cloud provider, offering GPU instances (P4, G4, etc.), but positioned as part of a general-purpose cloud service. Unlike Coreweave, it does not specialize in GPUs.
• Microsoft Azure (Azure): a cloud giant known for its partnership with OpenAI, a complex relationship that offers Azure GPU VMs but is actually a Coreweave customer.
• Google Cloud (GCP)Tensor Processing Units (TPUs) are independently developed to provide options other than GPUs, and the company is strong in AI-specific services, but not GPU-specific.

Core Weave Differentiation Points: While the major cloud providers offer GPUs for general purpose use,Specialized provider fully dedicated to AI and machine learningThe company offers a more flexible and high-performance solution as The price competitiveness has also realized a cost reduction of up to 801 TP3T.

Competition from GPU-specific cloud providers

Comparison with Lambda Labs

• Lambda LabsGPU: Direct competitor as a GPU-specific cloud provider. Specializes in R&D, smaller than Coreweave but with a similar business model.
• Price Comparison: Lambda Labs is more competitive at $1.25 (A100 PCIe) to $2.49 (H100) per hour and Coreweave at $0.66 (A100) to $2.23 (H100).
• differentiationCoreweave has a strategic relationship with NVIDIA and an advantage in its large enterprise customer base.

Competition from emerging AI infrastructure companies

Cerebras Systems:

• Proprietary Wafer Scale Engine (WSE) to provide options other than GPUs
• Unparalleled parallel processing performance of 2.6 trillion transistors and 850,000 AI cores
• Differentiation:Coreweave is dedicated to the NVIDIA GPU ecosystemand compatibility with existing AI development workflows

Groq:

• Proprietary chip called Language Processing Unit (LPU) specializes in ultra-fast inference
• Dedicated hardware optimized for transformer architecture
• Differentiation:Coreweave is a versatile GPU infrastructureSupports a wide range of AI workloads with

Difference between market positioning and strategy

Vertical integration vs. flexibility and scalability-oriented

Coreweave's Strategic Advantages:

• Focus on flexibilityCustomizable infrastructure to meet the diverse needs of customers
• augmentabilityKubernetes: Kubernetes-native environment enables fast scaling in 3 seconds
• Ecosystem IntegrationEarly access to the latest GPU technology through a strategic partnership with NVIDIA

Differences from Other Companies:

• AWS, Azure, GCP: Highly versatile, but inferior in AI-specific optimization
• Lambda LabsGPU: GPU-specific, but inferior in terms of company size and strategic partnerships.
• Cerebras GroqDedicated hardware has high performance, but compatibility with the ecosystem is an issue.

Coreweave has established a unique position in the GPU-specific cloud market through a combination of "AI specialization x NVIDIA strategic relationship x company size. In particular, the company's flexible and scalable approach, rather than vertical integration, is optimized for the rapidly changing needs of the AI industry.

What is the size and growth potential of the industry to which Core Weave (CRWV) belongs?

The GPU-specific cloud computing industry, of which Coreweave (CRWV) is a part, has seen an explosion in AI and machine learning,Extremely high growth expected in the coming yearsThe following is a list of the most common problems with the "C" in the "C" column.

GPU Cloud Computing Market Size and Growth Potential

• The global GPU as a Service (GPUaaS) market is,Approximately $3.2 billion scale as of 2024The rapid growth in demand for AI and machine learning is estimated to be the main growth driver.
• The market is growing extremely rapidly,Compound annual growth rate (CAGR) over 351 TP3Tand is expected to reach approximately $47 billion by 2032.
• Demand is growing rapidly, especially in the areas of generative AI, large-scale language models (LLMs), and deep learning.

Growth potential of the AI and machine learning infrastructure market

• Cloud infrastructure demand for AI and machine learning is,Expanded dramatically after the advent of ChatGPTThe growth rate of the market has been growing at a much faster pace than previously forecasted.
• Computational demand from major AI companies is increasing exponentially,Growing demand for OpenAI, Anthropic, Stability AI, etc.is driving the overall market.
• AI utilization for enterprises is also in full swing,Demand explosion in the enterprise market after 2025is expected to be

growth driver

• Accelerating the Generative AI RevolutionAI democratization through large-scale language models such as: ChatGPT, GPT-4, Claude, etc.
• Expanding corporate adoption of AIAccelerate the use of AI in customer service, marketing, business efficiency, etc.
• GPU supply constraintsNVIDIA GPUs are in short supply, increasing demand for access via the cloud.
• cost effectivenessTens of millions of yen GPU system available in the cloud on an hourly basis

Although the GPUaaS market in particular is still in its infancy,Coreweave's strategic relationship with NVIDIA and its large inventory of GPUs gives it an advantageous position in this fast-growing market.It is likely to be a key player in the future growth of the industry.

Why is CoreWeave getting attention from NVIDIA and OpenAI?

What is behind Coreweave's (CRWV) distinguished position in the rapidly growing GPU cloud market?Strategic partnership with two industry giants, NVIDIA and OpenAIexists. This relationship goes beyond a simple customer-supplier relationship and plays an important role in the development of the entire AI industry ecosystem.

Deepening the strategic partnership with NVIDIA

What Preferred Cloud Services Provider Certification Means

Coreweave isCertified as an NVIDIA Preferred Cloud Services Provider (CSP)This implies a special status beyond that of a mere purchasing company.

• Preferred Status in GPU ProcurementNVIDIA GPU supply constraints persist, Coreweave can procure the latest GPUs on a priority basis.
• Technical CooperationEarly access to NVIDIA's latest GPUs (H100, Blackwell, etc.)
• Joint Optimization：Collaborated with NVIDIA to develop a software stack that maximizes GPU performance

Providing value as a hardware partner

The Value of Coreweave to NVIDIA:

• Large-scale GPU deployment resultsProvides expertise in finding and solving problems in large-scale environments through the operation of 45,000 GPUs.
• Feedback ProviderField testing and improvement proposals for new GPU architectures
• Market Expansion PartnersNVIDIA GPU as a Service: GPU as a Service Model Contributes to Increased Accessibility of NVIDIA GPUs

Strategic collaborative relationship with OpenAI

Collaboration as a software partner

The Importance of Core Weave from OpenAI's Perspective:

• Scalable infrastructure provisionStable supply of computing resources required for operation of large-scale language models such as ChatGPT and GPT-4
• Nearly $4 billion contract expansion: $12 billion contract signed in March 2025, plus an additional $4 billion contract.
• Technical Optimization CooperationJoint development of an infrastructure environment optimized for large-scale AI model training and inference

Core position in the AI industry ecosystem

The Role of Core Weave:

• Promoting AI Democratization: Provide expensive GPU infrastructure via the cloud to lower the barrier to entry for AI development.
• Promoting Technical StandardizationNVIDIA GPUs + OpenAI models: Optimizing the combination of NVIDIA GPUs + OpenAI models and helping to establish an industry standard.
• Accelerate InnovationAI companies can focus on technology development by providing a stable infrastructure.

Source of competitive advantage: Focus on flexibility and scalability, not vertical integration

Differences from the traditional vertically integrated model

Core Weave Approach:

• Horizontal Specialization StrategyGPU: Specializing in GPU infrastructure and pursuing the world's highest standards in the field.
• Partnership-orientedOptimization achieved through collaboration with NVIDIA rather than in-house development
• Customer Centric DesignFlexible infrastructure customization according to the requirements of OpenAI, etc.

Differences from traditional vertical integration models (AWS, Google, etc.):

• Depth of expertiseGPU specialization enables optimization that is difficult to achieve with general-purpose cloud computing.
• Innovation VelocityQuick technology introduction and improvement cycles in specialized areas
• cost effectivenessSpecialization: Up to 801 TP3T less than major cloud providers

Through this strategy, Coreweave has established itself as a "core infrastructure provider in the AI industry" and is recognized as an indispensable partner by both NVIDIA and OpenAI. Especially as the generative AI revolution accelerates, the collaborative relationship between the three parties is expected to become even more important in the future.

Core Weave (CRWV) Financial Results

Core Weave (CRWV)'s financial year ends on December 31. The schedule for the announcement of quarterly financial results is as follows

• First Quarter (Q1)Early to mid-April
• Q2 (Q2)Early August
• 3Q (Q3)Early to mid-November
• Q4 (Q4)and full year closing: early to mid March of the following year

Core Weave (CRWV) Stock Price

View the current real-time stock price chart (TradingView) for Core Weave (CRWV).

The chart shows the Relative Strength Index (RSI). Reference as an indicator of market overheating.

*An overbought indicator when the RSI exceeds 70% to 80%, and conversely, an oversold indicator when the RSI falls below 20% to 30%.

Why did the stock price quadruple in such a short time after the IPO?

Core Weave (CRWV) stock price,A nearly 4.5x spike from the March 2025 IPO price of $40 to nearly $180 in just a few months.The company's share price has risen by more than 10% in the past three years. Several important factors overlapped behind this tremendous rise in stock prices.

Background of conservative pricing at IPO

market environment headwinds

• IPO market slump: Since 2021, the tech stock IPO market has shrunk significantly, and investors have become increasingly risk averse.
• environment of rising interest ratesThe Fed's rate hike cycle has reduced the amount of money invested in growth stocks
• Skepticism about AI stocksSome investors were cautious about the AI boom, viewing it as a "temporary fad.

Conservative decisions in the pricing process

• Initial price range $47-55from (e.g. time, place, numerical value, etc.)Final $40Reduction to
• 250 million underwriting by NVIDIAEnsure IPO success by
• Lack of investor demandScale down (from $2.5 billion to $1.5 billion) in response to

Rapid post-IPO revaluation factors

Underwhelming performance in the first quarter financial results

Financial results to be announced in May 2025:

• Sales growth rate 420%: Stunning growth compared to the same period last year.
• Guidance upward revisionAnnounced: annual sales forecast to be significantly higher than expected.
• Profitability improvement: Margin improvement confirmed as a result of scale expansion.

A series of strategic contract announcements

Deepening relationship with OpenAI:

• March: $12 billion contract announced: Signing of a major 5-year contract with OpenAI
• May: Additional $4 billion contractA further major contract just two months later.
• Total contract size: $16 billionContracts: Huge contracts equivalent to about 8 times annual sales

Significant expansion of NVIDIA's stake in the company

Strengthening Strategic Partnerships:

• NVIDIA ownership ratio 7% found: Significantly expanded from 1% at the time of the IPO
• Investments worth $2 billion: Indicates NVIDIA's strategic importance to the company.
• Deepening Technical CollaborationExpanding Collaboration on Next-Generation GPU Architectures

Market mindset change

Understanding Structural Changes in AI Demand

Changing investor perceptions:

• From a temporary boom to structural changeGenerative AI permeates the company's mission-critical operations
• Worsening GPU shortageCloud demand is growing rapidly due to difficulty in procuring NVIDIA GPUs.
• Acceleration of AI adoption for enterprisesAI: Fortune 500 companies are beginning to use AI in earnest.

Recognizing Competitive Advantages Again

Confirmation of Exclusive Status:

• Special Relationship with NVIDIAStrategic partnerships that are difficult for other companies to replace
• High customer concentration: Strong relationships with major AI companies such as OpenAI, Microsoft, etc.
• technological head startGPU: Unparalleled expertise in GPU-specific infrastructure

Sustainability of stock price surge

short-term factors:

• supply-demand balanceStrong buying demand for a limited number of floating shares
• Entry of institutional investors: Entry of large investors following confirmation of post-IPO performance
• Analyst ratings risePrice target raised sharply

medium- and long-term factors:

• market expandabilityGPUaaS: High growth with a CAGR of over 35% in the GPUaaS market
• Revenue PredictabilityStable revenue base through long-term contracts
• room for expansionGrowth Opportunities from Data Center Expansion

Thus, the surge in Coreweave's stock price isUndervaluation at the time of IPO and subsequent correction to an appropriate valuation due to rapid business growth and strategic contract winsThis can be explained by the structure of the company. In particular, the structural expansion of the generated AI market and investors' understanding of the company's monopolistic position have been the main factors behind the share price surge.

What is the future outlook for Core Weave (CRWV) and its stock price?

The future of Coreweave (CRWV) is in addition to its unique position in the current GPU cloud market,Generative AI Revolution, Enterprise AI Diffusion, NVIDIA Ecosystem ExpansionIt is rated extremely high in that it is strongly linked to three major trends: the

Market Opportunity: Exponential growth in demand for generative AI

• The generative AI market is expanding rapidly beyond 2024,Demand for GPUs will increase exponentially as large-scale language models, image generation AI, and multimodal AI become more prevalentThe company is doing so.
• The introduction of AI for enterprises has also entered the full-fledged implementation phase,Internal AI use in Fortune 500 companies is expected to grow rapidly after 2025.and Coreweave's enterprise customer base will be a key growth engine.
• Through strategic relationships with leading AI companies such as OpenAI and Anthropic,Structure that directly links the growth of the AI industry to the company's growthhas been established.

Competitive Advantage: Strategic Partnership with NVIDIA

• Through NVIDIA's Preferred Cloud Services Provider certification,Maintain structural advantages in GPU procurement over timeExpected to be able to do so.
• Blackwell, next generation Rubin, etc.Early access to the latest GPU architecturesThe technical lead can be sustained by
• In an environment of continued GPU supply constraints, stable GPU procurement capability is an extremely rare competitive advantage.The first two are the following.

Revenue growth: long-term contracts and economies of scale

• Total amount exceeds $7 billion.Contract pipeline through 2026The short-term predictability of earnings is high due to the
• Deepen strategic relationship with Microsoft (621 TP3T in sales)The expansion of GPU service offerings via Azure is expected due to the
• Data Center Scale ExpansionRoom for profit margin improvement by realizing economies of scaleis large.

Taken together, these factors suggest that Coreweave could play an important role in the market over the medium to long term as "one of the few companies that will play a central role in the core infrastructure of the generative AI revolution. Despite the short-term volatility of its stock price, it is a rare investment that combines growth potential, technological superiority, and strategic partnerships.

Core Weave (CRWV) Q1 FY2025 Financial Summary

Date of announcement: 25/05/15

Sales and Revenues

• Annual Sales: First quarter sales of $981.63 million (+420% y/y)
• GAAP Net Income: ($314.64 million, compared with ($129.24 million) in the same period of the previous year)
• Adjusted Net Income (Non-GAAP): ($149.56 million) ($23.55 million in the same period of the previous year)
• Adjusted EBITDA: 606.13 million ($104.55 million in the same period last year)
• Other Indicators: Adjusted operating income of $162.63 million; Adjusted EBITDA margin of 62

Operating Expenses and Profits

• GAAP operating expenses: 1,009.1 million dollars (+487% y/y)
• Non-GAAP operating expenses: Not disclosed (but includes $183.97 million in stock compensation expense)
• EBITDA loss (if any): N/A (Turnaround)
• Adjusted net loss: ▲$149.56 million

Contracts and Orders (Bookings)

• Annual Orders Received: Order backlog of $25.9 billion, including $14.7 billion in RPOs and OpenAI contracts
• First quarter orders: Not disclosed (but $11.2 billion in additional orders for OpenAI contracts)
• Number of contracted clients: Not disclosed (AI labs, hyperscalers, and enterprises are the main focus)
• Large customer composition: OpenAI, IBM (for Granite model)

Cash and Financial Position

• Cash balances (end of period): 1,276 million dollars (cash and cash equivalents)
• Movements such as borrowing and repayment:
  • IPO raises $1.4 billion in net proceeds
  • Total capital (equity + debt) of $17.2 billion already raised
• Free Cash Flow (FCF): Not disclosed (positive operating CF of $61.17 million)

Technology and Business Highlights

• Product development and technological achievements:
  • CoreWeave AI Object Storage (CAIOS) is generally available
  • GB200 Grace Blackwell support, new benchmark achieved with MLPerf Inference v5.0
  • On-demand scaling of clusters and NVIDIA AI Enterprise support also provided
• Partnerships and employment cases:
  • Strategic Alliance with OpenAI
  • Providing computing resources for Granite model in collaboration with IBM
• Market position:
  • Rapidly expanding vertically integrated infrastructure as an "AI hyperscaler
  • The only AI cloud with the highest rank (Platinum) in SemiAnalysis' ClusterMAX

2025 Guidance (or guidance for the following year)

• Sales Forecast: Not disclosed (full year guidance not disclosed)
• EBITDA Forecast: undisclosed
• Other Points of Interest:
  • Contracted capacity is 16 GW, expanding to 420 MW of operating capacity
  • Post-IPO growth acceleration and continued strategic investments

Coreweave is solidifying its position as an AI infrastructure company through a massive contract with OpenAI and IPO financing. Sales have grown more than 4x YoY and adjusted EBITDA is positive. The company is a leader in next-generation infrastructure as an AI-focused cloud platform.

Which brokerage firms can I buy shares of Core Weave (CRWV)?

The following is a list of major brokerages that offer Core Weave (CRWV) shares. At these brokerages, you can choose to invest as a CFD (Contract for Difference) as well as directly as a foreign stock.

I myself mainly use SBI Securities, but some stocks they handle may not be available for purchase. In such cases, I sometimes use CFDs at Saxo Bank Securities or IG Securities.

summary

We have looked extensively at Core Weave's (CRWV) business, business model, competitive landscape, growth markets, stock price characteristics, and prospects.

 In particular, as the demand for GPU clouds expands dramatically with the acceleration of the generative AI revolution, coreweave will play an increasingly important role in the future.

Although the company is a start-up company that just went public in 2025, it is a rare growth stock with a strategic partnership with NVIDIA and a leading edge in technology, making it very attractive from a medium- to long-term perspective. The stock price soared immediately after the IPO, but is now in an adjustment phase. I am personally interested to see what kind of growth trajectory the company will pursue in the future.

In particular, we will continue to closely monitor Coreweave's future trends as a stock that combines both "growth potential" and "technological superiority" among AI-related stocks.